Brief: Cafe Bidco Limited Launches Offer On Proactis Holdings' Stake In Proactis SA
06/05/2021 18:04
May 6 (Reuters) - PROACTIS SA PROAC.PA :
* CAFE BIDCO LIMITED LAUNCHES OFFER ON PROACTIS HOLDINGS'
88%
STAKE IN PROACTIS
* OFFER FOR AN AGGREGATE CONSIDERATION OF UP TO £71.6
MILLION
(APPROXIMATELY EUR 82.59 MILLION)
* OFFER HAS BEEN RECOMMENDED BY BOARD OF DIRECTORS OF
PROACTIS
HOLDINGS
* AFTER COMPLETION, CAFE BIDCO WILL BE OBLIGED TO LAUNCH A
TENDER
OFFER OVER PROACTIS SA SHARES
* COMPLETION IS EXPECTED DURING Q3 OF CALENDAR YEAR 2021.
Source text for Eikon: ID:nGNE2byV0K
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